SIP-53: Modify SDL emissions redo

Summary

Revote on gauge emissions with updated quorum and emission rate: 2% of the token supply (20,000,000 SDL) over the next 6 months

Abstract

This revised SIP seeks to hold a new vote on adjusting the emission schedule of SDL over the next 6 months, as the previous vote passed without sufficient quorum applied. The proposed rate has also been increased from the previously proposed 1.5% to 2% of the token supply, reflecting a better tapered emission schedule that is more aligned with community input. This proposal follows the recent conclusion of the 6-month emission schedule as laid out in SIP-8.

The community is invited again to provide input on this revised proposal; following the next 6 months, the emission schedule will be revisited again.

Motivation

The emission schedule of SDL in this case refers to the amount of tokens that are being released into circulation over time via the gauges; a notable factor that can affect the performance and perceived market value of a token.

The previous 6-month emission schedule was designed to incentivize liquidity provision, and encourage both active growth and participation from the community. With the conclusion of that schedule, this revised SIP seeks to establish a new emission schedule that continues to honor the goals of the previous round, while also promoting the health and longevity of the community treasury.

The proposed emission schedule of 2% of the token supply (20,000,000 SDL) over the next 6 months is intended to provide sufficient liquidity incentives to the community while also being sustainable for the long-term growth and development of the protocol. By revisiting the emission schedule again following this 6-month period, the DAO can assess the effectiveness of this approach and make any necessary adjustments to ensure the continued and on-going success of the platform.

Specification

Saddle will deploy 2% of the token supply (20,000,000 SDL) from the community treasury, to the gauges, over the next 6 months as liquidity incentives, taking into account community input.

For:

Set the SDL emission schedule to 2% of the token supply (20,000,000 SDL) over the next 6 months with proper quorum and community input.

Against:

Resubmit with adjustments.